New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
$RIVER this wave of market movement made me realize something heartbreaking. When I first entered the position, it was worth just over $4,500. As the price rose, my account showed a significant unrealized profit, and the position value increased to over $6,000. It looked pretty happy, but the problem is— the basis for calculating the funding fee also expanded, from the initial over $4,000 directly to over $6,000.
What does this mean? If the price continues to rise, my position value will keep inflate, and the corresponding funding fee expenditure will also increase proportionally. The rate is fixed, but the amount you pay gets larger and larger. In other words, the more unrealized profit you have, the more aggressive the funding fee will be each settlement cycle.
So I really don’t recommend everyone to hold onto a short position stubbornly, because a continuously accumulating funding fee can really grind a person down. This thing is invisible and intangible, but the power of compound interest is truly fierce.